Monday 21 July 2008
In a debt-based money system bankruptcies and bank failures can be avoided only by continuous economic expansion. This is an important source of the money world’s growth imperative. The system is designed to create winners and losers, with a bias in favor of the banks that make the money and against the working people and entrepreneurs who produce the real wealth. It is also a system designed to be unstable, because it must either grow or collapse. David Korten ☀
